According to FutureWise analysis the market for Orthopedic Devices in 2023 is US$ 38.12 billion, and is expected to reach US$ 56.41 billion by 2031 at a CAGR of 5.00%.
The rise in the number of joint replacement surgeries like knee replacement, hip replacement, etc., increase in the geriatric population, growing number of musculoskeletal diagnoses and osteoporosis fractures are some of the key factors responsible for the market growth. As per the report published by the Arthritis Research, UK, it is predicted that over 17 million people are diagnosed with musculoskeletal condition in the UK.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Orthopedic Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Orthopedic Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.